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Lavras Gold Corp V.LGC

Alternate Symbol(s):  LGCFF

Lavras Gold Corp. is a Canada-based exploration company focused on realizing the potential of a multi-million-ounce gold district in southern Brazil. The Company is engaged in the exploration and development of the Lavras do Sul gold project located in the state of Rio Grande do Sul, Brazil. The Lavras do Sul gold project is an advanced exploration stage property that is located approximately 320 kilometers, from the state capital of Porto Alegre and spans approximately 23,000 hectares in size and comprised of 37 mineral rights centered on historic gold workings. The Company also owns a 2% net smelter return (NSR) revenue-based royalty that applies to 65,000 hectares of exploration ground around Hochschild’s Mara Rosa mine in Goias State in central Brazil.


TSXV:LGC - Post by User

Comment by nozzpackon Jun 25, 2024 7:02pm
82 Views
Post# 36106044

RE:RE:FDP Probably Close to 1 million ounces

RE:RE:FDP Probably Close to 1 million ouncesYes of course.
Butia mineralized surface area included in the current 43-101 is 250 m by 250 m .

Som extending one of those dimensions by by 65 meters , the surface area above the open pit workday increase from 62,500 sq meters to 250 by 315 meters which is 78,500 square meters.

Thats about a 25% gain in mineralized resource or about 100,000 extra ounces.

Now, if the 150 meters between Butia and FDP has been successfully drilled , Butia would increase another 40% or so, which would boost Butia to over 800,000 ounces.

The gold in soil is ubiquitous all over this area for about 4.5 km , with targeted drilling showing excellent grades across the breadth of the soil anomaly .

Being a young formation, the gold tends to be in geologist parlance " right beneath your feet ".

Snowline..SGD.. with a market cap of $850 million..has the same kind and grade of continous mineralization over extended intercepts.

This is about the best kind of bulk mining resource you can find...very little waste ore to excavate.

Unfortunateky, SGD is in Alaska and stranded hundreds of km away from the nearest roads with heavy snows in winter .

This is not the case with Butia FDP..

Its equivalent market cap for the same ounces will be much higher.

In short, we have an excellent chance of a high multi bagger here just from FDP and Butia


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